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'll see energy prices drop. that might be a buying opportunity at that point. other than that, i really believe we have to just take a look and see attitude right now. >> well, one of our guests, a regular on this program, had a great idea. he said to me, maybe for one month the fed instead of putting that $40 billion of mortgage-backed securities buying, put that on hold and send it to some of the ravaged areas like staten island, like new jersey. >> i love it. i absolutely love that idea. >> i do too. >> then the fed's crossing the line into fiscal policy and out of the realm of monetary policy. >> where are we going to get it? >> fema responds rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right now. not necessarily the bond buying program. just an observation. >> maria, i got say, i don't know if
or months? what's the short term outlook and what about longer term, in terms of pricing on energy? you think this is weeks or months or what? >> we think that the nation has a great infrastructure. we think we have a great supply of crude and refined products. the terminals -- the epa waived the need to put ethanol in the gasoline at the terminal. the ability to get the terminal back up, assuming the pumps aren't too badly damaged, is measured in a few hours or days. if the pumps are so badly damaged and the transfer facilities, then this could be days or weeks. from a price point of view, i think locally it may have some impact, but across the nation, you know, the northeast consumes about 30% of the total u.s. demand for gasoline. you know, that demand is way down since there's not as many people driving. i think the impact on the nation's gas price is minimal. >> all right. >> mr. foutch, thanks for joining us today. appreciate it very much. >> thank you. >>> the latest pictures from downtown new york still pretty ugly. take a look at this picture i took on my way down here today. t
watching is the energy prices. with all these big closures of all these refineries on the east coast, it's not a surprise you'll see crude a little lower and also unleaded gasoline higher. what i like to do on days like today is i like to go out in markets and say, this is what should be happening. this is not what's happening. look at the crude and what happened to the crude spreads today. in theory, if end users don't want crude on the spot market right now, they would pay to store it. in theory you should have seen futures in the back months being bid up. we didn't see that today. you saw some strength in the forward spreads. that really caught my eye. am i all that interested in being short crude in the mid-80s after this market was just at 102? no way. not inttd at all. >> how liquid is the market right now, tres? >> i would say the market's as liquid as any other day because the majority of that market is traded electronically. i've been trading crude all morning and i haven't noticed any sort of drop in liquidity. >> but you would thinks given the potential upset to crude supplies
Search Results 0 to 2 of about 3